{"id":390268,"date":"2025-04-24T17:55:35","date_gmt":"2025-04-24T12:25:35","guid":{"rendered":"https:\/\/dripp.zone\/news\/ethereum-price-eyes-correction-after-16-move-pundit-hints-revisit-of-1300-not-unlikely-crypto-news\/"},"modified":"2025-04-24T17:55:35","modified_gmt":"2025-04-24T12:25:35","slug":"ethereum-price-eyes-correction-after-16-move-pundit-hints-revisit-of-1300-not-unlikely-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/ethereum-price-eyes-correction-after-16-move-pundit-hints-revisit-of-1300-not-unlikely-crypto-news\/","title":{"rendered":"Ethereum Price Eyes Correction After 16% Move, Pundit Hints Revisit of $1,300 Not Unlikely &#8211; Crypto News"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"800\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/04\/Has-Ethereum-Price-Bottomed-3-Reason-Why-ETH-Could-Crash-More.webp\" class=\"attachment-full size-full wp-post-image\" alt=\"Ethereum Price Eyes Correction After 16% Move, Pundit Hints Revisit of $1,300 Not Unlikely\" style=\"float:right;margin:0 0 10px 10px\" \/><\/p>\n<p>Ethereum price shot up nearly 17% on April 22 and 23, but this optimism is dampened as crypto pundit outlines a potential correction to April 8 swing low of $1,380. This scenario is based on a key fractal that occurred in the past for ETH.<\/p>\n<p>Ethereum (ETH) is down 2.26% today after a near-17% rally between April 22 and 23. The price currently trades at $1,754 after facing a stiff rejection at the 50-day Moving Average (MA). Analysts and traders\u2019 expectation is a bearish short-term <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/price-predictions\/ethereum-eth-price-prediction\/\">Ethereum price prediction<\/a> before ETH bulls restart the uptrend.<\/p>\n<figure style=\"width: 2433px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/l00gZnXs\/\" alt=\"Ethereum Price Eyes Correction After 16% Move, Pundit Hints Revisit of $1,300 Not Unlikely\" width=\"2433\" height=\"1264\" \/><figcaption class=\"wp-caption-text\">ETH\/USDT 4-hour chart<\/figcaption><\/figure>\n<h2><strong>Will Ethereum Price Correct?<\/strong><\/h2>\n<p>As noted above, Ethereum price has hit the blue line at $1,819, which is the 50-day MA. Rejection from this level has led to a 2.26% correction today, which could extend depending on the current state of Bitcoin and the <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/us-china-trade-war-crypto-market-in-spotlight-as-tariff-resumes\/\">geopolitical tensions due to Trump\u2019s tariffs<\/a>.<\/p>\n<p>Although the recent uptrend was impressive, the chances of a short-term correction are high. The Relative Strength Index (RSI) just above 50 is producing a top, hinting at a correction, aka a decline in bullish momentum. The lagging Awesome Oscillator (AO) is also approaching the zero line, with receding green histograms, indicating a decline in bearish momentum.<\/p>\n<p>A spike in selling pressure here could drop ETH down to $1,600 which is the 16% rally\u2019s origin.<\/p>\n<p>According to crypto trader RektProof and his Ethereum price fractal, a potential correction that crashes ETH back to the April 8 low of $1,380 is also possible.<\/p>\n<h2><strong>Pundit Reveals Revisit of $1,300 is Not Unlikely<\/strong><\/h2>\n<p>In a recent X post, crypto trader RektProof noted an Ethereum price fractal that had a similar uptrend that was followed by a steep correction. The crypto pundit adds \u201cBeing mindful with setups incase we start trading below.\u201c<\/p>\n<p>Although RektProof did not explicitly mention that <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/ethereum\/\">ETH\u2019s value<\/a> will drop, he is considering the possibility of key levels to watch if the recent run-up may come undone.<\/p>\n<figure id=\"attachment_249898\" aria-describedby=\"caption-attachment-249898\" style=\"width: 2475px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-249898\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/04\/GpRnASBbYAA5n_a.png\" alt=\"Ethereum Price Eyes Correction After 16% Move, Pundit Hints Revisit of $1,300 Not Unlikely\" width=\"2475\" height=\"1251\" \/><figcaption id=\"caption-attachment-249898\" class=\"wp-caption-text\">ETH\/USDT Ethereum price fractal<\/figcaption><\/figure>\n<h3><strong>Key ETH Price Levels to Watch<\/strong><\/h3>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The first key level to watch is $1,660, which is a level that should hold. If there isn\u2019t proper reaction as price approaches this level, investors can expect price to slide lower.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">$1,380 is the next key point of interest, which coincides with higher timeframe equal lows. A sweep of this level is where the fractal suggests Ethereum price could form a bottom and restart the uptrend.\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">In conclusion, the outlook for Ethereum price is bullish after a near-17% rally, but a potential correction could be incoming. A failure to hold the aforementioned support levels could lead to steep crashes.<\/span><\/p>\n<p>The post <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/markets\/ethereum-price-eyes-correction-after-16-move-pundit-hints-revisit-of-1300-not-unlikely\/\">Ethereum Price Eyes Correction After 16% Move, Pundit Hints Revisit of $1,300 Not Unlikely<\/a> appeared first on <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\">CoinGape<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum price shot up nearly 17% on April 22 and 23, but this optimism is dampened as crypto pundit outlines a potential correction to April 8 swing low of $1,380. This scenario is based on a key fractal that occurred in the past for ETH. Ethereum (ETH) is down 2.26% today after a near-17% rally [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-390268","post","type-post","status-publish","format-standard","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/390268","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=390268"}],"version-history":[{"count":0,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/390268\/revisions"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=390268"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=390268"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=390268"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}